Hong Kong’s Cathay Pacific could face more belt-tightening as HK$1.2 billion interim loss looms

Cathay Pacific Airways could face further pressure for another round of cost cutting in the face of an estimated HK$1.2 billion in losses for the first six months of this year – one of the “worst results in its operating history”, according to analysts. 

The latest financial results for Hong Kong's flagship carrier are due to be released on Wednesday. The expected loss contrasts sharply with the HK$353 million profit made in the same six months last year, and also comes on the back of a HK575 million full-year loss for 2016.

The company earlier trimmed 600 jobs as part of a three-year business restructuring plan aimed at saving HK$4 billion over the period.

More news, Hong Kong’s Cathay Pacific could face more belt-tightening as HK$1.2 billion interim loss looms

Daily chart.

"Actions Speak Louder than Words"

Note : S-Trader indicators/tools are not part of Metastock software package. It is our proprietary system/tools. If you have any further inquiries, please feel free to Contact Us. 

Source :
1) Metastock
2) www.scmp.com